Latvia - Industrial Production





Latvia: Industrial Production

Mnemonic IP.ILVA
Unit Vol. Index 2015=100, SA
Adjustments Seasonally Adjusted
Monthly 1.19 %
Data Sep 2019 122.01
Aug 2019 120.58

Series Information

Source Central Statistical Bureau of Latvia
Release Industrial Production
Frequency Monthly
Start Date 1/31/2000
End Date 9/30/2019

Latvia: Business

Reference Last Previous Units Frequency
Capacity Utilization 2019 Q4 75.5 75.9 %, SA Quarterly
Business Confidence Oct 2019 -4 -3.1 SA Monthly
Industrial Production Sep 2019 122.01 120.58 Vol. Index 2015=100, SA Monthly
Change in Inventories 2019 Q2 66,770 7,232 Ths. EUR, NSA Quarterly

Release Information

For Latvia, the volume index of industrial production describes changes in the volume of industrial production output in the reference period compared with the base period. Monthly from 2000.

Source of data

Monthly survey “1-r “Survey of industrial activity”” and ”12-r "Survey on industrial activity and volume of new orders in industry."

Coverage

Data were collected from economically active enterprises where 20 and more persons were employed in industrial production or industrial turnover in previous year comprised 300 thsd lats and more.

The calculation of volume index of industrial production includes the following sections: B – mining and quarrying, C – manufacturing, D - Electricity, gas, steam, and air conditioning supply (excluding group 35.3 - "Steam and air conditioning supply").

Unit surveyed

Unit of kind of activity – kind of economic activity of enterprise on which information is compiled.

Sample size

The number of enterprises surveyed monthly in 2010 – 1429. In 2008 the rate of enterprises in the volume of industrial production exceeded 80%.

Description of data

Each month starting from the 15th date the information on industrial production output during the reference period at current prices is collected within ten days according to classes of Statistical Classification of Economic Activities, Rev. 2 (NACE Rev. 2).

Methods of calculation

Production output indicators are recalculated into constant prices using the producer price indices and by applying a Laspeyres-type formula the volume index of industrial output is calculated. Value added of enterprises of 2015 in breakdown by sections, chapters, groups and classes of NACE Rev. 2 is used as weights. Average volume of output produced in one month of 2015 is used as basis.

Classification

Statistical Classification of Economic Activities in the European Community, Rev. 2 (NACE Rev. 2)

RAMON Eurostat's Metadata Server

Specific notes

In some cases, due to specifics of electronic data processing technologies and rounding adjustments, slight discrepancies may occur between totals and sums of components.

Data adjustment is carried out if the respondent specifies data on some of the previous periods. Usually publishing data of last month of the quarter data of previous two months are updated.